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New Proposal Would Accelerate Student Loan Forgiveness For Borrowers In Public Service — But Its Fate Is Uncertain

Posted on AllSides July 13th, 2022
From The Center
AP Photo/Manuel Balce Ceneta

House Democrats this week unveiled a new bill that would reform a key student loan forgiveness program. If passed, the bill would result in dramatically accelerated student loan forgiveness for borrowers who have devoted their careers to public service work.

Here are the details.

Student Loan Forgiveness for Public Service Borrowers Has Already Undergone Some Recent Big Changes

The Public Service Loan Forgiveness (PSLF) program can wipe out the federal student loan debt for borrowers who work for nonprofit or government organizations. Under the original program rules enacted in 2007,...

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